Fisher Funds Two Growth Fund

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Not Mindful
Type: Growth fund
Past Returns: 7.71%

Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.

Annual Fees: 1.09%

Annual fees, including membership and % management fee.

The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.

Show fund checker chart here


Fossil Fuel

Chevron Corporation 0.28%
Total Sa 0.21%
Exxon Mobil Corporation 0.21%
Bp P.L.C. 0.19%
Royal Dutch Shell Plc Class A 0.15%
Royal Dutch Shell Plc Class B 0.14%
Conocophillips 0.09%
Suncor Energy Inc. 0.09%
Lyondellbasell Industries Nv 0.08%
Kinder Morgan Inc Class P 0.07%
Canadian Natural Resources Limited 0.06%
Valero Energy Corporation 0.06%
Equinor Asa 0.05%
Repsol Sa 0.05%
Omv Ag 0.04%
Inpex Corporation 0.04%
Hess Corporation 0.04%
Occidental Petroleum Corporation 0.04%
Vermilion Energy Inc. 0.03%
Eog Resources, Inc. 0.02%
Husky Energy Inc. 0.02%
Tourmaline Oil Corp. 0.02%

Gambling

Aristocrat Leisure Limited 0.25%
Las Vegas Sands Corp. 0.06%
Sands China Ltd. 0.04%
Galaxy Entertainment Group Limited 0.04%

Alcohol

Delegat Group Limited 0.49%
Diageo Plc 0.10%
Anheuser-Busch Inbev Sa/Nv 0.07%
Asahi Group Holdings,Ltd. 0.07%
Constellation Brands, Inc. Class A 0.05%

GMOs

Basf Se 0.14%
Dupont De Nemours, Inc. 0.09%

Human Rights & Environmental Violations

Johnson & Johnson 0.34%
Chevron Corporation 0.28%
Nestle S.A. 0.22%
Royal Dutch Shell Plc Class A 0.15%
Royal Dutch Shell Plc Class B 0.14%
Sempra Energy 0.06%

Animal Testing

Johnson & Johnson 0.340%
Procter & Gamble Company 0.290%
Chevron Corporation 0.280%
Nestle S.A. 0.220%
Unilever Nv 0.180%
Glaxosmithkline Plc 0.180%
Royal Dutch Shell Plc Class A 0.150%
Basf Se 0.140%
Royal Dutch Shell Plc Class B 0.140%
Reckitt Benckiser Group Plc 0.110%
Kimberly-Clark Corporation 0.110%
Danone Sa 0.080%
General Mills, Inc. 0.080%
Ppg Industries, Inc. 0.080%
Walgreens Boots Alliance Inc 0.070%
Solvay Sa 0.050%
Colgate-Palmolive Company 0.050%
Sumitomo Chemical Co., Ltd. 0.040%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to DD MONTH YYYY and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund and research organisations.

A summary of this fund and it's details.

Number FND1085
Name Fisher Funds Two Growth Fund
Risk profile Growth fund
Description The fund aims to grow your savings with more focus on capital growth over the long term. Invested in mainly growth assets
Value $520M NZD
Members 22,098
Market index description The market index return reflects a composite of benchmark index returns, weighted for the fund’s target asset allocation. The benchmark indices used for each asset class are defined in the Statement of Investment Policy and Objectives (SIPO)
Disclosure Statement Period Tue Dec. 31st 2019
Fund started Mon Oct. 1st 2007
Three-year average return 7.71%
Market index past year return 21.50%
Past year return net charges and tax 17.2%
Past year return net of charges gross of tax 18.63%
Market index return since fund started 9.96%
Return since fund started net 7.65%
Total annual fund fees 1.09%
Total performance based fees 0.0%
Manager's basic fee 0.99%
Administration charges 0.1%
Total other charges 28.44
Total other charges currency NZD

Key Personnel

  • Robbie Urquhart

    Currently: Senior Portfolio Manager, Australian Equities (1 years, 7 months)
    Previously: Portfolio Manager / Principal, Trafalgar Copley Limited (11 years, 0 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2019 6.87% 7.17%
2018 7.63% 7.22%
2017 8.87% 8.75%
2016 3.62% 3.93%
2015 13.73% 10.5%
2014 8.43% 10.08%
2013 12.00% 12.7%
2012 -1.50% -1.34%
2011 6.13% 4.5%
2010 23.64% 27.51%

The market index is the average NZ KiwiSaver return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Showing the top 10 investments for this fund:

  • ANZ 10 A/C - Current Accounts
    New Zealand Cash and Equivalents NA
    4.69%
  • Bayfair Shopping Centre - Retail
    New Zealand Unlisted Property NA
    2.82%
  • A2 Milk Company Ltd.
    New Zealand Australasian Equities NA
    2.53%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities NA
    1.97%
  • Mainfreight Limited
    New Zealand Australasian Equities NA
    1.89%
  • Emini S&P 500 (Cme) Mar 20 20/03/2020
    New Zealand International Equities NA
    1.6%
  • Summerset Group Holdings Limited
    New Zealand Australasian Equities NA
    1.34%
  • Xero Limited
    Australia Australasian Equities NA
    1.32%
  • Infratil Limited
    New Zealand Australasian Equities NA
    1.19%
  • Merivale Mall - Retail
    New Zealand Unlisted Property NA
    1.13%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 10.0% 9.81%
New Zealand Fixed Interest 6.0% 21.53%
International Fixed Interest 9.0% 0.0%
Australasian Equities 27.0% 27.32%
International Equities 40.0% 35.02%
Listed Properties 0.0% 0.0%
Unlisted Properties 8.0% 6.32%
Unknown None% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.78%
  • Animal Testing:
    2.59%
  • Fossil Fuels:
    1.98%
  • Gambling:
    0.39%
  • GMOs:
    0.23%
  • Human Rights & Environmental Violations:
    1.19%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30 September 2019 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund and research organisations.

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

Note that many KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons.

In their own words: "The fund aims to grow your savings with more focus on capital growth over the long term. Invested in mainly growth assets"

Download the fund's disclosure statement and portfolio holdings.

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Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.